Life House, a New York-based boutique hotel operator that has built software aimed at helping independent hotel owners and operators, raised $60 million in a Series C round of funding co-led by new investors Kayak and Inovia Capital.
Existing backers Tiger Global, Derive Ventures, Thayer Ventures, JLL, Trinity Ventures, Sound Ventures, and Cooley LLP, among others, also participated in the financing, which brings the company’s total raised since its 2017 inception to just over $100 million.
The new capital will largely go toward hiring, particularly software developers, product folks, engineers, and building out its sales organization.
Company: Life House Software Corporation, Inc.
Round: Series C
Funding Month: December 2021
Lead Investors: Kayak and Inovia Capital
Additional Investors: Tiger Global, Derive Ventures, Thayer Ventures, JLL, Trinity Ventures, Sound Ventures, and Cooley LLP
Company Website: http://www.life-house.com/
Software Category: Vertically integrated hotel brand, management & software platform
About the Company: Life House is a vertically integrated hotel brand, management & software platform. As hotel operators and software developers, we’re the customer of their technology, which allows Life House to make the right products and solve the industry’s complex problems. And with backing from institutional investors, we’re ambitiously investing to solve these problems at scale. Life House is initially focused on small hotels where it believes owners are particularly underserved, and which represents nearly half of the market, but has plans to grow out of that in good time and has essentially evolved from a tech-enabled hotel operator into a (70-person) SaaS company. Life House currently manages the operations of close to 50 hotels in North America.